Supranational Organization

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Supranational Organization

An organization that exists in multiple countries. While, theoretically, supranational could refer to multinational corporations, the term most often describes an international government or quasi-government organization. Examples include the United Nations and the International Monetary Fund. Supranational organizations often have a direct role in regulation. For example, an international treaty may set up certain standards for international trade. However, enforcement of these provisions is left to individual, sovereign governments.
References in periodicals archive ?
In fact the concept of a supranational union is a good one because it allows smaller countries and regions to co-exist and trade with each other and at the same time preserve their identities.
The European Union is considered a supranational union of member states, the distinction being that the member states delegate functions to an authority (actually a number of authorities, the Council, Euro parliament, Court of Justice, Commission etc).
7-12 war and recognised as independent by Moscow), said his "state" may join the supranational Union State of Belarus and Russia.